Inability to Perform; Bankruptcy/Insolvency Sample Clauses

Inability to Perform; Bankruptcy/Insolvency. (i) The Borrower or any Guarantor shall die or cease to exist; or (ii) any Guarantor shall attempt to revoke any guaranty of the Obligations described herein, or any guaranty becomes unenforceable in whole or in part for any reason; or (iii) any bankruptcy, insolvency or receivership proceedings, or an assignment for the benefit of creditors, shall be commenced under any Federal or state law by or against the Borrower or any Guarantor; or (iv) the Borrower or any Guarantor shall become the subject of any out-of-court settlement with its creditors; or (v) the Borrower or any Guarantor is unable or admits in writing its inability to pay its debts as they mature; or (vi) if the Borrower is a limited liability company, any member thereof shall withdraw or otherwise become disassociated from the Borrower.
AutoNDA by SimpleDocs
Inability to Perform; Bankruptcy/Insolvency. (i) the Borrower, ------------------------------------------- any Guarantor or any Subsidiary dies or ceases to exist; or (ii) any Guarantor attempts to revoke any guaranty of the Obligations described herein, or any guaranty becomes unenforceable in whole or in part for any reason; or (iii) any bankruptcy, insolvency or receivership proceedings, or an assignment for the benefit of creditors, is commenced under any Federal or state law by or against the Borrower, any Guarantor or any Subsidiary; or (iv) the Borrower, any Guarantor or any Subsidiary becomes the subject of any out-of-court settlement with its creditors; or (v) the Borrower, any Guarantor or any Subsidiary is unable or admits in writing its inability to pay its debts as they mature; or (vi) the Borrower or any Subsidiary is closed or taken over by a Regulatory Agency.
Inability to Perform; Bankruptcy/Insolvency. (i) the Borrower or any Guarantor shall die or cease to exist; (ii) any Guarantor shall attempt to revoke any guaranty of the obligations described herein, or any guaranty becomes unenforceable in whole or in part for any reason; (iii) any Bankruptcy, insolvency or receivership proceedings, or an assignment for the benefit of creditors, shall be commenced under any Federal or state law by or against the Borrower or any Guarantor, which is not dismissed or vacated within 60 days; (iv) the Borrower or any Guarantor shall become the subject of any out‑of‑court settlement with its creditors; or (v) the Borrower or any Guarantor is unable or admits in writing its inability to pay its debts as they mature.
Inability to Perform; Bankruptcy/Insolvency. (i) The Borrower or any Subsidiary ceases to exist; or (ii) any bankruptcy, insolvency or receivership proceedings, or an assignment for the benefit of creditors, is commenced under any Federal or state law by or against the Borrower or any Subsidiary; or (iii) the Borrower or any Subsidiary becomes the subject of any out-of-court settlement with its creditors generally; or (iv) the Borrower or any Subsidiary is unable or admits in writing its inability to pay its debts as they mature; or (v) the Borrower or any Subsidiary is closed or taken over by a Regulatory Authority.
Inability to Perform; Bankruptcy/Insolvency. (i) The Borrower or any Guarantor shall die or cease to exist; or (ii) any Guarantor shall attempt to revoke any guaranty of the Obligations described herein, or any guaranty becomes unenforceable in whole or in part for any reason; or (iii) any bankruptcy, insolvency or receivership proceedings, or an assignment for the benefit of creditors, shall be commenced under any Federal or state law by or against the Borrower or any Guarantor, or (iv) the Borrower or any Guarantor shall become the subject of any out-of-court settlement with its creditors; or (v) the Borrower or any Guarantor is unable or admits in writing its inability to pay its debts as they mature.
Inability to Perform; Bankruptcy/Insolvency. The Maker shall become insolvent or shall generally not pay its debts as they mature or shall apply for, shall consent to, or shall acquiesce in the appointment of a custodian, trustee or receiver for the Maker or for a substantial part of the property thereof or, in the absence of such application, consent or acquiescence, a custodian, trustee or receiver shall be appointed for the Maker or for a substantial part of the property thereof; or any bankruptcy, reorganization, or other proceedings under any bankruptcy or insolvency law shall be instituted by or against the Maker (unless the same are otherwise dismissed within 60 days following the institution thereof).
Inability to Perform; Bankruptcy/Insolvency. (i) Borrower or any Guarantor shall die or cease to exist or (ii) any Guarantor shall attempt to revoke or repudiate any Guaranty; or (iii) any Guaranty or other Loan Document ceases to be or is asserted not to be in full force and effect, or becomes or is asserted to be unenforceable; or (iv) any bankruptcy, insolvency or receivership proceedings, or an assignment for the benefit of creditors, shall be commenced under any federal or state law by or against Borrower or any Guarantor or any other Loan Party; or (v) Borrower or any Guarantor shall become the subject of any out-of-court settlement with its creditors; or (vi) Borrower or any Guarantor is unable or admits in writing its inability to pay its debts as they mature.
AutoNDA by SimpleDocs
Inability to Perform; Bankruptcy/Insolvency. (i) Debtor or any Guarantor shall die or cease to exist; or (ii) any Guarantor shall attempt to revoke any guaranty of the Obligations described herein, or any guaranty becomes unenforceable in whole or in part for any reason; or (iii) any bankruptcy, insolvency or receivership proceedings, or an assignment for the benefit of creditors, shall be commenced under any federal or state law by or against Debtor or any Guarantor; or (iv) Debtor or any Guarantor shall become the subject of any out-of-court settlement with its creditors; or (v) Debtor or any Guarantor is unable or admits in writing its inability to pay its debts as they mature.
Inability to Perform; Bankruptcy/Insolvency. (i) the Borrower shall die or cease to exist; or (ii) any bankruptcy, insolvency or receivership proceedings, or an assignment for the benefit of creditors, shall be commenced under any federal or state law by or against the Borrower; and (iii) the Borrower shall become the subject of any out-of-court settlement with its creditors; or (iv) the Borrower is unable or admits in writing its inability to pay its debts as they mature.
Inability to Perform; Bankruptcy/Insolvency. (i) The Borrower or any Guarantor shall die or cease to exist; or (ii) any Guarantor shall attempt to revoke any guaranty of the Obligations described herein, or any guaranty becomes unenforceable in whole or in part for any reason; or (iii) any bankruptcy, insolvency or receivership proceedings, or an assignment for the benefit of creditors, shall be commenced under any Federal or state law by or against the Borrower or any
Time is Money Join Law Insider Premium to draft better contracts faster.